Municipal Bond Forum
Price volatility with Puerto Rico bonds
Q
What is your view on the likelihood of Puerto Rico defaulting on any of its bonds – general obligation, highway and electric, etc.?
A
James A. Klotz responds:
We see no likelihood of imminent default by any Puerto Rico issuing entity. However, until there are clear signs of fiscal improvement, we expect heightened price volatility to persist due to Puerto Rico’s less-than-attractive financial condition and the headline hysteria effecting the trading of these securities.
Start here.
Do you have specific criteria for bonds you’re looking for? Let us know and we’ll e-mail you bonds that fit your needs. There is no charge for this service.
This report is produced solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. This report is based on information obtained from sources believed to be reliable but no independent verification has been made, nor is its accuracy or completeness guaranteed.